Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1887-05-21
THE STATE OF TRADE.
RumOr That the Temporary Suspen.
sion OF the ShortuHaul Clause will
be Revoked July L.
Business Everywhere Larger Than ut the
Same Period Last Year-Money Pl n
tiful with Two Exceptions.

NEW YORK, May 20.-R. G. Dunn &
Co., in their weekly trade review, sa5 the
most important news of wool, il con-
f1rmed, is that the interstate com "erce
commission will revoke all tenn 'rary
suspension of the short haul clause, term
mating them July l. The revolution in
business must therefore progress until its
full effects have been realized. Some of
them are seen in contracts taken by the
Canadian Pacific to move eastward the
wool of California and 100000 pounds
of sugar, and il marked revival Of
shipments around the Horn. Others appear
In the decline of trade at the larger
centers of distribution and manufacture,
and increase Of distribution at the
smaller towns with the upspringing of
new manufacturing works at many local
tiles. For twenty-five years the railroads
have been aDnihilating the barriers of
distance. The new law tends 20 restore
the old barriers, and to put sections,
cities and towns further away from each
other Closely connected are the numer
Gus labor troubles, most of which
have grown out of the mar
roWed fields for the distribution of
products. Local reports are still gener-
ally encouraging with no instance of
unusual delay in collections. Where
business is deemed dull, it is in every
case pronounced larger than st the same
season last year. A remarkable feature
is that money is reported in abundant
supply everywhere except at Chicago and
New York, while the demand is said to
be more moderate at Detroit,
but very good at Cleveland.
Where the highest rates are
repo ted is at Omahs, to 10 per cent,
Capitalists offer the banks large sums at
per cent, which are refused. Real es-
tate speculation is maintained there and
at other points by rapid investment Of
local and eastern capitalists. At Nash
vile the ruling excitement is the coming
sale of lots in the new town west Of
Nashville where iron works are to be
located. The increased demands for
money at Chicago spring from wheat
speculation, and produce operators are
busily seeking assurances of more aid
from the banks, while New York exchange
fails to 40 cents discount. Wheat rose
cents last Saturday, but weakened again,
and after a week of uncertainty, with sales
of $1,000, 900 bushels, closes less than
cent above last week. Corn and oats
are weaker. Oil is over Is points lower.
Pork products are dull, an6 sugar is I'M
changed. In coffee there has been wild |
with sales of 952 200 bags here, !
but the rise of cent is !
wholly speculative. Stock speculation
has been active with some advance, but |
the American public is not absorbing Sc
curities. The enormous offerings GU |
Paris loans and the low rate for money at |
London account for the temporary use of
large amounts here. The weak point is
the decline of 80 per cent. in produce
exports for the past three weeks against
sn increase of ) per cent. in i'm
ports In dry goods strong Improvement
in cottons causes an advance in prices of
many brown and bleached goods and
drills, with standard browns ats74 cents.
The exceeding dullness in woolens con-
tinue unrelieved. Recent heavy failures
Of German houses in the American trade
discloses the over-production and IN
profitable competition on that side.